New Hope Liuhe Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	7,419	8,699	10,850	11,512	14,869	8,799
Trading Asset Securities	9.74	4.27	8.29	148.91	20.54	2.2
Cash & Short-Term Investments	7,429	8,703	10,858	11,661	14,890	8,801
Cash Growth	-21.84%	-19.85%	-6.89%	-21.68%	69.17%	52.23%
Accounts Receivable	2,433	1,119	2,117	1,365	1,156	890.46
Other Receivables	928.99	985.56	3,509	1,548	575.39	464.35
Receivables	3,362	2,104	5,626	2,913	1,732	1,355
Inventory	10,489	10,732	13,316	17,901	15,926	15,650
Prepaid Expenses	-	-	-	-	63.25	52
Other Current Assets	951.57	765.7	1,342	3,074	2,210	3,196
Total Current Assets	22,232	22,306	31,142	35,549	34,820	29,054
Property, Plant & Equipment	57,576	59,536	63,497	69,514	68,625	51,665
Long-Term Investments	32,009	30,937	30,332	26,571	24,160	23,022
Goodwill	1,127	1,127	1,130	1,210	1,210	1,235
Other Intangible Assets	1,471	1,540	1,573	1,864	1,859	1,553
Long-Term Deferred Tax Assets	768.75	865.77	760.55	581.07	373.13	315.54
Long-Term Deferred Charges	62.45	81.11	225.98	204.39	241.63	1,057
Other Long-Term Assets	1,624	1,521	950.8	1,186	1,445	1,542
Total Assets	116,871	117,914	129,611	136,680	132,734	109,443
Accounts Payable	13,158	11,710	16,632	14,298	9,586	10,100
Accrued Expenses	758.5	976.77	899.44	1,398	1,321	1,452
Short-Term Debt	15,615	17,742	14,494	13,359	15,537	12,393
Current Portion of Long-Term Debt	9,596	10,013	11,297	12,972	4,364	-
Current Portion of Leases	-	1,078	897.71	998.12	938.68	-
Current Income Taxes Payable	443.71	240.23	245.83	230.15	207.15	156.51
Current Unearned Revenue	1,997	2,030	2,492	2,173	2,169	2,286
Other Current Liabilities	3,743	3,346	8,152	4,340	2,767	5,532
Total Current Liabilities	45,311	47,135	55,110	49,768	36,890	31,918
Long-Term Debt	31,968	29,732	34,041	37,623	44,047	25,710
Long-Term Leases	3,213	3,892	3,913	4,885	4,714	-
Long-Term Unearned Revenue	422.6	466.86	473.41	521.1	444.34	367.84
Long-Term Deferred Tax Liabilities	51.38	52.12	55.49	76.01	74.14	15
Other Long-Term Liabilities	249.32	90.22	86.92	91.93	84.79	61.07
Total Liabilities	81,216	81,368	93,680	92,965	86,255	58,073
Common Stock	4,503	4,526	4,546	4,539	4,505	4,506
Additional Paid-In Capital	4,866	5,203	5,974	10,536	10,345	9,751
Retained Earnings	14,088	13,494	13,084	12,923	14,574	24,313
Treasury Stock	-42.51	-229.02	-927.1	-1,079	-1,189	-370.97
Comprehensive Income & Other	2,347	2,664	2,099	2,325	5,304	1,648
Total Common Equity	25,762	25,657	24,776	29,244	33,539	39,846
Minority Interest	9,893	10,888	11,154	14,471	12,941	11,525
Shareholders' Equity	35,655	36,545	35,930	43,715	46,480	51,371
Total Liabilities & Equity	116,871	117,914	129,611	136,680	132,734	109,443
Total Debt	60,392	62,457	64,643	69,838	69,601	38,103
Net Cash (Debt)	-52,963	-53,753	-53,785	-58,176	-54,711	-29,301
Net Cash Per Share	-15.98	-10.21	-8.63	-14.35	-12.55	-6.93
Filing Date Shares Outstanding	5,764	5,723	4,517	4,510	4,463	4,400
Total Common Shares Outstanding	5,764	5,723	4,517	4,510	4,463	4,400
Working Capital	-23,080	-24,830	-23,968	-14,219	-2,070	-2,865
Book Value Per Share	4.21	4.22	5.26	6.22	6.66	8.65
Tangible Book Value	23,163	22,990	22,074	26,170	30,469	37,059
Tangible Book Value Per Share	3.76	3.75	4.66	5.54	5.97	8.01
Buildings	-	35,667	28,766	27,918	25,035	20,858
Machinery	-	19,633	16,954	17,166	16,134	13,638
Construction In Progress	-	8,896	18,091	20,158	19,344	11,006

Source: S&P Global Market Intelligence. Standard template. Financial Sources.